Alessandro Capogrosso Featured in FundsPeople Discussing Global Sponsors Looking at Italy Through the Lens of Public Market Opportunities

In a recent FundsPeople article, strategic transactions partner Alessandro Capogrosso was featured discussing how global financial sponsors are increasingly focusing on the Italian public market. Recent data shows private equity investment in Italy has, over time, exceeded IPO proceeds.

Alessandro highlights how structural features of the Italian market – including selective liquidity, uneven analyst coverage and, in some cases, a disconnect between market pricing and underlying fundamentals – are creating opportunities for take-private transactions and, more broadly, for capital deployment into listed companies.

He also notes the growing relevance of Private Investments in Public Equity (PIPEs), where private capital takes meaningful stakes in listed companies with a medium-term, governance-oriented approach, often acting as a stabilising shareholder rather than a passive investor.

While public transactions may involve execution and reputational considerations, Alessandro emphasises that well-structured processes and appropriate pricing can mitigate these risks. He further observes that IPOs are no longer the default exit route, with sponsors increasingly adopting more flexible and diversified liquidity strategies.